Deutsche Post Off The Hook In State Aid Battle

Law360, New York (September 3, 2010, 2:38 PM EDT) -- In a boost to Deutsche Post AG, the European Union's highest court has upheld a ruling that the German postal services giant does not need to repay more than €1.15 billion ($1.48 billion) in state subsidies and interest.

In a ruling Thursday, the European Court of Justice shot down a bid by the European Commission to set aside a lower court's judgment overturning a 2002 EC decision that Deutsche Post failed to comply with rules on state aid to undercut its competitors.

The dispute dates back...
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